Richard Baxt plans to help banks carve attractive niches for their investment products - familiar territory for a man who has run brokerages for two of the country's leading banks.

Last month, Mr. Baxt joined Bisys Group as an executive vice president in charge of developing investment products and services for bank clients of the Little Falls, N.J.-based company. Bisys' offerings include fund administration, distribution, accounting, and transfer agency services.

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